Question

Q. 1. Write a brief note on the trading communities in ancient India.
Q. 2. What is the meaning of Economic Activity?
Q. 3. Why is business considered an economic activity?
Q. 4. Why should a business pursue social objectives?
Q. 5. Explain the concept of business.​

Answer 1

Answer:

1.)Trading communities were small, uncentralised but famous and talented communities. Like gold- works and Indian spices such as black pepper we're highly famous and we'll known during ancient times. For Example- Spice- dealer Reddy of Koyambettur (a famous communiy of Tamil Nadu), Goldsmiths and metal workers of Amber (now Jaipur), Rajasthan.

2.) Economic Activity means doing a certain work or activity to earn for livelihood. Such as fishing, manufacturing,etc.

3.) Business is considered as an economic activity as there is a point of earning profit

(money) for livelihood by the process of transferring wished-goods and claiming back some money thus following Demand-and-Supply formula.

4.) Business should have a social objective as it's perspective is social (interacting with people) and should support the Involvers-both the host (businessman) and receiver (customer) to gain something then only it is termed as a successful and profitable activity.

5.) it helps both the businessman and customer to gain-money and some product, as business is done to help the host (businessman) earn some money and the receiver (customer) to get his wishlist.

hope it helps...

Answer 2

Answer:

hope so it help u please mark this answer as brilliant